Short interest for Bloomin Brands gives investors a sense of the degree to which investors are betting on the decline of Bloomin Brands's stock. Short interest data is updated every two weeks.

Bloomin Brands Stock (NASDAQ:BLMN), Short Interest Report

Bloomin Brands

Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising. The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment.

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BLMN

Bloomin’ Brands, Inc. (NASDAQ: BLMN) reported upbeat earnings for its fourth quarter on Friday.

These Analysts Increase Their Forecasts On Bloomin&#39; Brands After Upbeat Earnings

Equities

Guidance

Dividends

Buybacks

Movers

General

Bloomin&#39; Brands shares surge as Q4 earnings beat expectations, despite restaurant closures and cautious Q1 outlook due to weather impacts.

Why Bloomin&#39; Brands Shares Are Rising Today

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

BKNG

CVNA

MELI

MRVI

PODD

Rydex ETF Trust Rydex S&P Equal Weight ETF

After the exuberance seen on Thursday, investors may assess whether it was an irrational one, and futures trading on Friday reflects edginess.

Nasdaq, S&amp;P 500 Set for Mixed Open After Nvidia Euphoria: Analyst Picks Major Market Catalyst This Year If There Are No Rate Cuts

Bloomin Brands Inc

Management

On April 2, Bloomin' Brands Inc Board Appointed William Michael Healy To Serve As Executive Vice President And CFO

Bloomin&rsquo; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) reported upbeat earnings for its <a href="https://www.benzinga.com/news/earnings/24/02/37289281/why-bloomin-brands-shares-are-rising-today">fourth quarter on Friday</a>.
The company reported fourth-quarter adjusted earnings per share of 75 cents, beating the street view of 69 cents. Quarterly revenues of $1.194 billion marginally missed the analyst consensus of $1.198 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Adjusted operating margin decreased to 7.5% in the quarter under review from 8.2% in the year-ago period.
On Feb. 13, the company declared a quarterly cash dividend of $0.24 per share, payable on March 20, 2024, to stockholders of record at the close of business on March 6, 2024. The company approved a new $350.0 million authorization. The 2024 Share Repurchase Program will expire on August 13, 2025.
Bloomin&rsquo; Brands expects FY24 adjusted EPS of $2.51-$2.66 versus the $2.58 estimate. The company projects number of new system-wide restaurants of 40 to 45 in FY24. For the first quarter, the company expects adjusted EPS of $0.70-$0.75 versus the $0.93 estimate.
Bloomin&rsquo; Brands shares gained 2.9% to close at $27.37 on Friday.
These analysts made changes to their price targets on Bloomin&rsquo; Brands after the company reported quarterly results.
<ul>
<li>Barclays raised the price target on Bloomin&rsquo; Brands from $31 to $32. Barclays analyst Jeffrey Bernstein maintained an Overweight rating.</li>
<li>BMO Capital boosted the price target on Bloomin&rsquo; Brands from $27 to $29. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating.</li>
</ul>
&nbsp;
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These Analysts Increase Their Forecasts On Bloomin' Brands After Upbeat Earnings

BMO Capital analyst Andrew Strelzik maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Market Perform and raises the price target from $27 to $29.

BMO Capital Maintains Market Perform on Bloomin Brands, Raises Price Target to $29

Barclays analyst Jeffrey Bernstein maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Overweight and raises the price target from $31 to $32.

Barclays Maintains Overweight on Bloomin Brands, Raises Price Target to $32

Bloomin&#8217; Brands, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37281878/bloomin-brands-announces-2023-q4-financial-results" rel="noreferrer noopener">trading higher on Friday.</a>
The company reported fourth-quarter adjusted earnings per share of 75 cents, beating the street view of 69 cents. Quarterly revenues of $1.194 billion marginally&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $1.198 billion</a>.
Adjusted operating margin decreased to 7.5% in the quarter under review from 8.2% in the year-ago period.
Restaurant level operating margin, however, expanded marginally to 16.4% from 16.3%. Restaurant-level operating margin improved slightly due to an increase in average check per person, the impact of certain cost saving and productivity initiatives.
Shutting Down Restaurants:&nbsp;In the fourth quarter, Bloomin&#8217; Brands made the decision to close 36 predominantly older, underperforming restaurants and three U.S. and two international Aussie Grill restaurants.
In connection with these closures, the firm recognized asset impairments and net closure charges of $32.3 million during the quarter.&nbsp;
The company expects to complete these closures during the first quarter and incur charges between $8 million and $11 million.
Dividend:&nbsp;On February 13, the company declared a quarterly cash dividend of $0.24 per share, payable on March 20, 2024, to stockholders of record at the close of business on March 6, 2024.
Share Repurchase:&nbsp;The company approved a new $350.0 million authorization. The 2024 Share Repurchase Program will expire on August 13, 2025.
Outlook:&nbsp;Bloomin&#8217; Brands expects FY24 adjusted EPS of $2.51-$2.66 versus the $2.58 estimate. The company projects&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">number of new system-wide restaurants of 40 to 45 in FY24.</a>
For the first quarter, the company expects adjusted EPS of $0.70-$0.75 versus the $0.93 estimate.
The first three weeks of the first quarter were negatively impacted by weather. The company estimates this impact to be approximately 1.3% of U.S. comparable sales for the quarter and $0.05 to its adjusted earnings per share.
Price Action:&nbsp;BLMN shares are trading higher by 4.21% to $27.72 on Friday.

Why Bloomin' Brands Shares Are Rising Today

U.S. stocks could see a pause on Friday as traders take a breather following <a href="https://www.benzinga.com/news/earnings/24/02/37279701/investor-optimism-improves-further-s-p-500-settles-at-record-high" target="_blank" rel="noreferrer noopener">the impressive rally</a> on Thursday, sparked by Nvidia Corp.&#8217;s (NVDA) strong quarterly results. Additionally, comments from Federal Reserve Governor Lisa Cook after the market closed reinforced the central bank&#8217;s stance of holding off on rate cuts until inflation shows a sustained decline. Cook emphasized the need for greater confidence in inflation converging towards the 2% target before considering rate cuts.
The lack of significant economic data on Friday might lead to indecision among traders, particularly as they absorb Thursday&#8217;s gains.
Thursday&#8217;s Market Recap:
Nvidia&#8217;s earnings ignited a significant upward surge in the markets on Thursday. Major indices opened higher with a gap and maintained steady growth throughout the session. Economic data presented mixed signals, with manufacturing activity exceeding expectations in February while the service sector showed a slowdown.
Other notable data points included a surprise decline in weekly jobless claims and slightly higher-than-expected existing home sales for January.
The Nasdaq Composite closed above the 16,000 mark for the first time since Nov. 19, 2021, while the S&amp;P 500 Index and the Dow Jones Industrial Average reached new record highs.
The market witnessed broad-based strength, except for defensive utility stocks which closed lower. IT stocks led the gains, followed by communication services, consumer discretionary, industrial, healthcare, and financials.
Larry Tentarelli, Chief Technical Strategist at Blue Chip Daily Trend Report, observed that 55 stocks, representing 10% of the S&amp;P 500 companies, reached new all-time highs, including several bellwether stocks. He also noted that the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>),&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) and&nbsp;VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) achieved new 52-week highs, along with the&nbsp;Invesco S&amp;P 500 Equal Weight ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>).
Tentarelli characterized the market movement as &#8220;a very constructive breakout,&#8221; further confirmed by the S&amp;P 500 Advance-Decline line reaching a new record high, indicating broad market participation.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+2.96%</td>
<td>16,041.62</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+2.11%</td>
<td>5,087.03</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.13%</td>
<td>38,612.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.96%</td>
<td>2,013.84</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
After Thursday&#8217;s Nvidia-induced rally, an analyst began factoring in the possibility of the market outperforming even if the Fed does not cut rates. &#8220;The major catalyst for markets, absent rate cuts throughout the year, would by necessity be earnings, and here NVIDIA wowed investors and traders alike. AI came to life for global markets wondering if it was just a passing phase,&#8221; said Quincy Krosby, Chief Global Strategist at LPL Financial.
Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance, did not agree with Krosby. &#8220;We expect the momentum to continue and for markets to melt up in the short run, but the story of the stock market for this year will eventually be about the economy (e.g. whether or not we go into recession) and the Federal Reserve (e.g. whether they cut interest rates or perhaps even raise them again),&#8221; he said.
Futures Today
 Futures Performance On Friday (as of 7:05 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.02%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.12%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.33%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.07% to $507,86 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged down 0.02% to $438, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
No economic report of significance is due for Friday.
See Also: <a href="https://www.benzinga.com/money/best-brokers-futures-traders">Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) shares rose over 16% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the Jack Dorsey-led company reported a surprise profit for its fourth quarter.</li>
<li>Other companies moving on earnings are Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) (up over 31%), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) (down over 3.6%), Maravai LifeSciences Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVI#NASDAQ">MRVI</a>) (up over 21%), Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) (up about 3.75%), Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) (down over 8.75%), MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) (down over 7%) and Noble Corp Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) (down over 4%).</li>
<li>E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), Bloomin&#8217; Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) and Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) are among the notable companies due to report their <a href="https://www.benzinga.com/calendars/earnings">quarterly results ahead of the market open.</a></li>
<li>Nvidia rose over 1.40%, extending the momentum from the previous session.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 1.63% to $77.33 in early European session on Friday, giving back all of the 0.90% gain it made on Thursday. The benchmark 10-year Treasury note rose 0.008 percentage points at 4.335%. 
The buoyancy seen in Asia ahead of Nvidia&#8217;s earnings tempered on Friday, with the domestic markets ending on a mixed. The Japanese market remained closed on account of a public holiday. While Hong Kong, India, Indonesia and Singapore receded, the rest of the markets posted modest gains, led by the Chinese market. 
Economic data out of China showed that the year-over-year decline in property prices accelerated in January and this potentially increased hopes of more stimulatory measures from the government.
European markets traded mixed by late-morning trading on Friday. The German market was marginally higher after final estimates confirmed that the country&#8217;s economy contracted by 0.3% in the fourth quarter. The U.K. market fell, while France&#8217;s CAC 40 was up moderately. The Euro STOXX 50 rose 0.25% at the last check.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37265770/retail-traders-are-extra-bullish-charles-schwab-survey-shows-52-eye-single-stock-pu">Retail Traders Are Extra Bullish: Charles Schwab Survey Shows 52% Eye Single Stock Purchases In Q1</a>
Image made via AI on MidJourney

Nasdaq, S&P 500 Set for Mixed Open After Nvidia Euphoria: Analyst Picks Major Market Catalyst This Year If There Are No Rate Cuts

Bloomin' Brands Expects FY24 Adjusted EPS Of $2.51-$2.66 Vs. $2.58 Estimate, Projects Number Of New System-wide Restaurants Of 40 To 45

Bloomin' Brands Says It Approved New $350.0M Share Repurchase Program, Which Will Expire On August 13, 2025

Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.69 by 8.7 percent. This is a 10.29 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $1.19 billion which missed the analyst consensus estimate of $1.20 billion by 0.50 percent. This is a 9.04 percent increase over sales of $1.09 billion the same period last year.

Bloomin Brands Q4 Adj. EPS $0.75 Beats $0.69 Estimate, Sales $1.19B Miss $1.20B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
&bull; Calumet Specialty Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million.
&bull; Global Blue Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million.
&bull; Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion.
&bull; Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million.
&bull; Hudbay Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $542.12 million.
&bull; RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $1.04 billion.
&bull; Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is projected to report earnings for its fourth quarter.
&bull; Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) is projected to report earnings for its fourth quarter.
&bull; Coca-Cola Europacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is expected to report quarterly earnings at $2.45 per share on revenue of $1.93 billion.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.20 billion.
&bull; Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $58.75 million.
&bull; TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $576.71 million.
&bull; Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is projected to report quarterly loss at $0.06 per share on revenue of $10.37 billion.
&bull; Federal Agricultural (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGM#NYSE">AGM</a>) is estimated to report quarterly earnings at $4.05 per share on revenue of $88.99 million.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $602.33 million.
&bull; Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) is projected to report quarterly loss at $0.16 per share on revenue of $863.06 million.
&bull; Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $360.31 million.
&bull; Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) is likely to report quarterly loss at $0.12 per share on revenue of $1.42 billion.
&bull; Lamar Advertising (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $547.66 million.
&bull; Compx Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $77.30 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BTCM

Coca-Cola European Partners plc Ordinary Shares

CCEP

CLMT

DCBO

Fomento Economico Mexicano S.A.B. De C.V.

FYBR

LAMR

Earnings Scheduled For February 23, 2024

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the &quot;Extreme Greed&quot; zone on Thursday.
U.S. stocks closed higher on Thursday, with the S&amp;P 500 jumping to fresh highs during the session. The Dow Jones index also topped the 39,000 mark for the first time ever.
NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) shares rose around 16.4% on Thursday after the company reported better-than-expected fourth-quarter financial results and issued first-quarter revenue guidance above estimates. Shares of Keurig Dr Pepper Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kdp#NASDAQ">KDP</a>) fell around 3.9% on Thursday after the company released results for its fourth quarter.
On the economic data front, U.S. initial jobless claims fell by 12,000 to 201,000 in the week ending Feb. 17, compared to market estimates of 218,000. The S&amp;P Global flash manufacturing PMI climbed to 51.5 in February from 50.7 in January, while services PMI fell to 51.3 in February from 52.5.
Most sectors on the S&amp;P 500 closed on a higher note, with consumer discretionary, information technology and communication services stocks recording the biggest gains on Thursday. However, utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 457 points to 39,069.11 on Thursday. The S&amp;P 500 rose 2.11% at 5,087.03, while the Nasdaq Composite jumped 2.96% at 16,041.62 during Thursday&rsquo;s session.
Investors are awaiting earnings results from Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>), Bloomin&#39; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>), AerCap Holdings N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aer#NYSE">AER</a>) and Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) today.
At a current reading of 78.5, the index remained in the &quot;Extreme Greed&quot; zone on Thursday, versus a prior reading of 75.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/02/37279543/bloomin-brands-gears-up-for-q4-print-these-most-accurate-analysts-revise-forecasts-ahead-of-earning"> Bloomin&#39; Brands Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>

NVDA

Investor Optimism Improves Further; S&P 500 Settles At Record High

Bloomin&#39; Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) is expected to release earnings results for its fiscal fourth quarter, before the <a href="https://www.benzinga.com/quote/BLMN/earnings">opening bell on Feb. 23, 2024</a>.
Analysts expect the company to report quarterly earnings at 69 cents per share, up from year-ago earnings of 68 cents per share. The company is projected to post revenue of $1.2 billion for the latest quarter, compared to $1.1 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bloomin&rsquo; Brands, last month, entered into a cooperation agreement with Starboard Value LP, which owns approximately 9.7% of the company&#39;s outstanding common stock.
In connection with the agreement, the company appointed Dave George, former Chief Operating Officer of Darden Restaurants, and Jon Sagal, Partner at Starboard, to its <a href="https://www.benzinga.com/news/24/01/36459617/bloomin-brands-starboard-enter-into-cooperation-agreement-adds-dave-george-and-jon-sagal-to-board">Board of Directors, effective immediately</a>.
Bloomin&#39; Brands shares fell&nbsp;0.6% to close at $26.60 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/BLMN/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and increased the price target from $25 to $29 on Feb. 15, 2024. This analyst has an accuracy rate of 74%.</li>
<li>JP Morgan analyst John Ivankoe downgraded the stock from Overweight to Neutral with a price target of $26 on Jan. 23, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Raymond James analyst Brian Vaccaro maintained an Outperform rating and raised the price target from $28 to $30 on Jan. 3, 2024. This analyst has an accuracy rate of 82%.</li>
<li>BMO Capital analyst Andrew Strelzik maintained a Market Perform rating and cut the price target from $25 to $24 on Nov. 7, 2023. This analyst has an accuracy rate of 84%.</li>
<li>Piper Sandler analyst Brian Mullan maintained a Neutral rating and slashed the price target from $30 to $26 on Nov. 6, 2023. This analyst has an accuracy rate of 85%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/news/24/02/37260138/top-3-tech-and-telecom-stocks-you-may-want-to-dump-in-february"> Top 3 Tech And Telecom Stocks You May Want To Dump In February</a>

Bloomin' Brands Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-23. Here's what investors need to know before the announcement.
Analysts estimate that Bloomin Brands will report an earnings per share (EPS) of $0.69. 
Bloomin Brands bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Bloomin Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.63</td>
<td>0.81</td>
<td>0.64</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.44</td>
<td>0.74</td>
<td>0.98</td>
<td>0.68</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.25%</td>
<td>-2.23%</td>
<td>5.09%</td>
<td>2.19%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708610454_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Bloomin Brands were trading at $26.75 as of February 20. Over the last 52-week period, shares are down 1.18%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BLMN/earnings">To track all earnings releases for Bloomin Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Bloomin Brands's Earnings Outlook

In the latest quarter, 4 analysts provided ratings for Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $29.0, with a high estimate of $31.00 and a low estimate of $26.00. Observing a 8.74% increase, the current average has risen from the previous average price target of $26.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1708016479_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Bloomin Brands. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$29.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$26.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$30.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Bloomin Brands. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Bloomin Brands's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Bloomin Brands's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
<h2>Delving into Bloomin Brands's Background</h2>
Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
<h3>Financial Milestones: Bloomin Brands's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Bloomin Brands displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 2.28%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.12%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Bloomin Brands's ROE stands out, surpassing industry averages. With an impressive ROE of 11.69%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Bloomin Brands's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.34%, the company showcases efficient use of assets and strong financial health.
Debt Management: Bloomin Brands's debt-to-equity ratio stands notably higher than the industry average, reaching 5.41. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Bloomin Brands

During the last three months, 8 analysts shared their evaluations of Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $27.25, a high estimate of $31.00, and a low estimate of $24.00. A 2.19% drop is evident in the current average compared to the previous average price target of $27.86. 
<img src="https://www.benzinga.com/files/images/story/2024/1706022024_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Bloomin Brands among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Neutral</td>
<td>$26.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$30.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$27.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$28.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bloomin Brands. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Bloomin Brands's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Bloomin Brands's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
<h2>Unveiling the Story Behind Bloomin Brands</h2>
Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
<h3>Bloomin Brands's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Bloomin Brands's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 2.28%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Bloomin Brands's net margin excels beyond industry benchmarks, reaching 4.12%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 11.69%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.34%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 5.41, caution is advised due to increased financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 8 Analyst Ratings Have To Say About Bloomin Brands

JP Morgan analyst John Ivankoe downgrades Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) from Overweight to Neutral and announces $26 price target.

Downgrades

JP Morgan Downgrades Bloomin Brands to Neutral, Announces $26 Price Target

Raymond James analyst Brian Vaccaro maintains Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) with a Outperform and raises the price target from $28 to $30.

Raymond James Maintains Outperform on Bloomin Brands, Raises Price Target to $30

Casual dining restaurant company&nbsp;Bloomin&rsquo; Brands, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blmn#NASDAQ">BLMN</a>) has entered into a cooperation agreement with&nbsp;Starboard Value LP, which owns&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/08/33915754/whats-going-on-with-bloomin-brands-stock-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">approximately 9.7% of the company&#39;s outstanding common stock.</a>
In connection with the agreement, the company appointed Dave George, former Chief Operating Officer of&nbsp;Darden Restaurants Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dri#NYSE">DRI</a>), and Jon Sagal, Partner at Starboard, to its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/b36459374/dave-george-and-jon-sagal-appointed-to-bloomin-brands-board-of-directors" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Board of Directors, effective immediately.&nbsp;</a>
&quot;We are pleased to welcome Dave and Jon to the Board. With more than 30 years of leadership experience in the restaurant industry, Dave is deeply familiar with the unique aspects of casual dining and has a proven record of driving growth and profitability,&quot; said Chairman of the Board, Michael Mohan.
In addition, Starboard has agreed to customary standstill, voting and other provisions.
Also, BLMN announced the formation of an operating committee of the Board to work with management to identify and recommend opportunities for further improvement related to various corporate and operational matters.&nbsp;
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35681023/bloomin-brands-bears-the-brunt-of-softer-spending-environment-analyst-cautions-on-t" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomin&#39; Brands Bears The Brunt Of Softer Spending Environment, Analyst Cautions On Traffic/Margin Tensions</a>
Price Action: BLMN shares closed lower by 2.98% at $27.31 on Tuesday.
Photo via Company

Starboard Gains Footing In Bloomin' Brands Board, Adds Two Industry Veterans As Directors

Ratings for Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $26.91, a high estimate of $31.00, and a low estimate of $24.00. Observing a downward trend, the current average is 6.24% lower than the prior average price target of $28.70. 
<img src="https://www.benzinga.com/files/images/story/2024/1704286849_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Bloomin Brands's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$31.00</td>
<td>$27.00</td>
</tr>
<tr>
<td>Andrew Strelzik</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Brian Mullan</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$27.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$28.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Dennis Geiger</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Jon Tower</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$26.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$31.00</td>
</tr>
<tr>
<td>Lauren Silberman</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$25.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Vaccaro</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Strong Buy</td>
<td>$29.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$26.00</td>
<td>$27.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Bloomin Brands. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bloomin Brands compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Bloomin Brands's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Bloomin Brands's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/BLMN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Bloomin Brands analyst ratings.</a>
<h2>Get to Know Bloomin Brands Better</h2>
Bloomin Brands Inc operates as a casual dining restaurant company. The company's brand includes Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse and Wine Bar. The company owns and operates its restaurants, and the remainder is franchised. It derives revenue mainly from the United States, but the company has a presence in Brazil and South Korea with company-owned Outbacks and Carrabbas. In addition, it also has exposure to several countries, predominantly in Asia, principally through franchising.
<h3>Financial Insights: Bloomin Brands</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Bloomin Brands's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 2.28%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Bloomin Brands's net margin is impressive, surpassing industry averages. With a net margin of 4.12%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 11.69%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Bloomin Brands's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.34%, the company showcases efficient use of assets and strong financial health.
Debt Management: Bloomin Brands's debt-to-equity ratio stands notably higher than the industry average, reaching 5.41. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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